Ascot Resources (TSE:AOT) has released an update.
Ascot Resources Ltd. has successfully completed the first tranche of its C$5.0 million non-brokered flow-through private placement to fund its 2024 exploration program at the Premier Gold Project in British Columbia. The company issued over 1.2 million common shares, raising C$999,400, with a second tranche expected to close by mid-June. The funds raised will be used for Canadian exploration expenses, with tax advantages to be renounced to purchasers by the end of 2024.
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